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| Name | Symbol | Market | Type |
|---|---|---|---|
| AB Electrolux (PK) | USOTC:ELUXY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.395 | 2.46% | 16.445 | 16.16 | 16.67 | 16.445 | 16.21 | 16.21 | 1,744 | 18:00:18 |
From Jul 2019 to Jul 2024
By Joann S. Lublin, Dana Mattioli and Ted Mann
General Electric Co. is near a deal to sell its appliance business to China's Haier Group for more than $4 billion, according to people familiar with the matter, after GE's previous effort to sell the unit was blocked by antitrust regulators.
The Chinese appliance maker outbid other foreign corporate bidders for the Louisville, Ky.-based business, according to one of the people. Two people familiar with the matter said a deal could be announced as soon as Friday, although as with all deals, timing could slip.
GE has been running an auction for the century-old appliance business, since it abandoned a $3.3 billion sale to Sweden's Electrolux AB in December. The U.S. Justice Department had sued to block that transaction, saying the combination would hurt competition for cooktops and ranges.
GE declined to comment. Haier didn't respond to a request for comment.
(END) Dow Jones Newswires
January 14, 2016 22:08 ET (03:08 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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